REO

While flat from a year ago, volumes surged between June and July, with notable increases in both starts and completions, according to Attom.

The move further diversifies a company working to grow beyond its roots in what is currently a small — but possibly expanding — single-family distressed market.

The downward trend comes as servicers and agencies continue to implement programs aimed at keeping borrowers in their homes.

Combining the two property preservation firms brings specialized technology and capabilities that Five Brothers has to MCS and broadens the operations of both.

Repossessions registered both monthly and annual increases, though, according to Attom.

California recorded the largest total of new starts, while Illinois, Delaware and New Jersey led all states in the rate of filings during the third quarter, according to Attom.

Nearly half the country saw foreclosure starts rise year-over-year during the final month of the moratorium, according to Attom Data Solutions.

The municipalities are based in New York, which has the highest volume of such properties across the U.S.

The Federal Housing Administration, the agency that oversees government-sponsored enterprises Fannie Mae and Freddie Mac, and the VA extended additional relief to those living in single-family rental, real-estate owned properties.

Although activity crept down in May from April, it posted “dramatic” increases from the year before, according to Attom Data Solutions.